Listed by Revival Realty LLC, Bought with eXp Realty
NOT LISTED FOR SALE

507 Sweaney St Port Orchard, WA 98366

Estimated Value: $572,344 - $614,000

4 Beds
3 Baths
2,700 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $580,000 $215 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,498/month

364 Days on Market

Highlights

  • Deck
  • Limited Views
  • Wall to Wall Carpet
  • No HOA
  • Wood Siding

About This Home

As of September 2023

Well-cared-for Triplex (up/down duplex with DADU behind garage) like no other - get this cash-flowing opportunity! On the main house's top floor is a 1 bedroom / 1 bath unit with seasonal territorial and partial water views from inside and the covered patio (unit 507). Below that is the three bedroom / 1 bath unit rented with partial views and plenty of outdoor area for entertaining (unit 511). The studio apartment is located adjacent to (under) the 2-car garage (unit 509). New gravel in driveway as well as many recent updates. Just blocks from Kitsap County government buildings and close to many amenities. Easy access to public transportation, downtown Port Orchard, and just a half-mile to the Bremerton Foot Ferry.

Last Agent to Sell the Property

Kristel Knittel

Revival Realty LLC License #23012819 Listed on: 08/03/2022

Revival Realty LLC

Last Buyer's Agent

Prince Kennedy

eXp Realty License #21002043

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1977163

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,751

Year Built

  • Built in 1942

Lot Details

  • 0.68 Acre Lot
  • Street terminates at a dead end

Home Design

  • Triplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Limited Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association
  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40570010130007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,751

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1942
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2700
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Partial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block, Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: City of Port Orchard
  • WaterCompany: City of Port Orchard
  • WaterSewerGarbage: 1400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 40570010130007
  • Lot Size Acres: 0.68
  • Lot Size Sq Ft: 29621
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.97
  • LeasedItems: None
  • TotalMonthlyIncome: 4700

Multi Family

  • Gross Scheduled Income: 56400
  • Net Operating Income: 45380
  • Number Of Units Total: 3
  • Electric Expense: 1500
  • Insurance Expense: 1200
  • Leasable Area: 2700
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3751

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2019
Sold by
4Gh 1Rh Llc
Bought by
Hardy Samuel Fletcher and Hardy Amber A
Current Estimated Value
$590,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,326
Outstanding Balance
$313,036
Interest Rate
3.5%
Mortgage Type
VA
Estimated Equity
$277,800

Purchase Details

Closed on
May 23, 2003
Sold by
Zollinger Roland and Zollinger Sherrie
Bought by
4Gh-1Rh Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2003
Sold by
Preston Thomas D and Mcdonnell Randy L
Bought by
Zollinger Roland and Zollinger Sherrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2000
Sold by
Ogden Ruth D
Bought by
Preston Thomas D and Mcdonnell Randy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,250
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hardy Samuel Fletcher $349,806 Land Ttl Co Silverdale Submi
4Gh-1Rh Llc -- Chicago Title Insurance Co
Zollinger Roland $160,000 First American Title Ins
Preston Thomas D $125,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardy Samuel Fletcher $357,326
Previous Owner Zollinger Roland $144,000
Previous Owner Preston Thomas D $121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $580,000 -7.2% $215 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $625,000 0.0% $231 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $625,000 0.0% $231 / Sq Ft
02/08/2023 02/08/23 Price Changed $625,000 0.0% $231 / Sq Ft
02/08/2023 02/08/23 For Sale $625,000 +7.8% $231 / Sq Ft
12/02/2022 12/02/22 Off Market $580,000 -- --
11/18/2022 11/18/22 Off Market $580,000 -- --
08/03/2022 08/03/22 For Sale $675,000 -- $250 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,381 $543,550 $116,360 $427,190
2025 $4,381 $502,050 $100,270 $401,780
2024 $4,229 $502,050 $100,270 $401,780
2023 $3,897 $463,040 $90,960 $372,080
2022 $3,753 $375,420 $85,230 $290,190
2021 $3,685 $349,430 $71,620 $277,810
2020 $4,793 $440,800 $71,620 $369,180
2019 $2,394 $240,970 $70,660 $170,310
2018 $2,550 $200,850 $70,660 $130,190
2017 $2,201 $200,850 $70,660 $130,190
2016 $2,158 $182,250 $70,660 $111,590
2015 $2,088 $179,310 $70,660 $108,650
2014 -- $176,370 $70,660 $105,710
2013 -- $205,170 $78,260 $126,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1977163

Northwest Multiple Listing Service (NWMLS)

APN: 4057-001-013-00-07